KBWD vs SPY
Comparison between INVESCO KBW HIGH DIVIDEND YIELD FINANCIAL ETF (KBWD, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed KBWD, delivering a return of +13.0% compared to +1.3%
KBWD vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
KBWD
$424M
Winner
SPY
$781B
Expense Ratio
KBWD
5.39%
Winner
SPY
0.09%
Max Drawdown
KBWD
65.17%
Winner
SPY
56.47%
Sharpe Ratio
KBWD
-0.18
Winner
SPY
1.25
5Y Beta
Winner
KBWD
0.72
SPY
1.00
P/E Ratio
Winner
KBWD
17.62
SPY
28.78
Forward P/E
Winner
KBWD
7.79
SPY
21.23
PEG Ratio
KBWD
0.29
SPY
N/A
5Y Dividends CAGR
KBWD
4.44%
Winner
SPY
6.00%
5Y EPS CAGR
KBWD
-15.67%
Winner
SPY
25.62%
Debt to Equity
KBWD
81.83%
Winner
SPY
31.92%
P/S Ratio
Winner
KBWD
2.44
SPY
3.76
P/B Ratio
Winner
KBWD
0.84
SPY
5.64
KBWD vs SPY - Holdings Comparison
KBWD and SPY have 3 common holdings. Overlap is 0.08%
KBWD's top 25 holdings weight is 76.31%. SPY's top 25 holdings weight is 51.74%.
| Rank | KBWD | SPY |
|---|---|---|
| #1 | INVESCO MORTGAGE CAPITAL INC (IVR) - 4.23% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | ORCHID ISLAND CAPITAL INC (ORC) - 4.21% | APPLE INC (AAPL) - 7.37% |
| #3 | ARMOUR RESIDENTIAL REIT INC (ARR) - 3.92% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | PENNYMAC MORTGAGE INVESTMENT TRUST (PMT) - 3.71% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | DYNEX CAPITAL INC (DX) - 3.63% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | GOLDMAN SACHS BDC INC (GSBD) - 3.59% | BROADCOM INC (AVGO) - 2.86% |
| #7 | FS KKR CAPITAL CORP (FSK) - 3.48% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | MFA FINANCIAL INC (MFA) - 3.48% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | AGNC INVESTMENT CORP (AGNC) - 3.45% | TESLA INC (TSLA) - 1.70% |
| #10 | PENNANTPARK FLOATING RATE CAPITAL LTD (PFLT) - 3.21% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 3.13% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | CARLYLE SECURED LENDING INC (CGBD) - 3.09% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | TRINITY CAPITAL INC ORDINARY SHARES (TRIN) - 3.04% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | THE WESTERN UNION CO (WU) - 2.74% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | NEW MOUNTAIN FINANCE CORP (NMFC) - 2.66% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | REDWOOD TRUST INC (RWT) - 2.60% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | ARBOR REALTY TRUST INC (ABR) - 2.60% | VISA INC CLASS A (V) - 0.90% |
| #18 | TWO HARBORS INVESTMENT CORP (TWO) - 2.59% | WALMART INC (WMT) - 0.76% |
| #19 | CRESCENT CAPITAL BDC INC ORDINARY SHARES (CCAP) - 2.58% | INTEL CORP (INTC) - 0.75% |
| #20 | NUVEEN CHURCHILL DIRECT LENDING CORP (NCDL) - 2.57% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | BLUE OWL CAPITAL CORP ORDINARY SHARES (OBDC) - 2.54% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | MIDCAP FINANCIAL INVESTMENT CORP (MFIC) - 2.51% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | ADAMAS TRUST INC (ADAM) - 2.39% | ABBVIE INC (ABBV) - 0.66% |
| #24 | UWM HOLDINGS CORP ORDINARY SHARES CLASS A (UWMC) - 2.23% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | ALLIANCEBERNSTEIN HOLDING LP (AB) - 2.13% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 42 | 505 |
KBWD vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
KBWD
+3.47%
SPY
+0.52%
3M
KBWD
-3.35%
Winner
SPY
+6.55%
6M
KBWD
-9.05%
Winner
SPY
+9.76%
1Y
KBWD
+0.12%
Winner
SPY
+20.32%
5Y(CAGR)
KBWD
+1.32%
Winner
SPY
+13.01%
10Y(CAGR)
KBWD
+4.70%
Winner
SPY
+15.06%
Max(CAGR)
KBWD
+5.70%
Winner
SPY
+8.50%
KBWD vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | KBWD | SPY |
|---|---|---|
| 2026 | -4.09% | +10.11% |
| 2025 | +4.97% | +18.00% |
| 2024 | +3.57% | +25.59% |
| 2023 | +18.07% | +26.72% |
| 2022 | -20.04% | -18.64% |
| 2021 | +34.26% | +30.52% |
| 2020 | -15.52% | +17.28% |
| 2019 | +19.44% | +31.09% |
| 2018 | -8.64% | -5.24% |
| 2017 | +10.24% | +20.78% |
| 2016 | +20.65% | +13.59% |
| 2015 | -10.90% | +1.31% |
| 2014 | +8.90% | +14.56% |
| 2013 | +14.97% | +29.00% |
| 2012 | +14.65% | +14.17% |
| 2011 | -1.23% | +0.85% |
| 2010 | +3.90% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
KBWD vs SPY Drawdown Comparison
The maximum drawdown for KBWD was -58.56%, occurring on Apr 3, 2020. Recovery took 297 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current KBWD drawdown is -9.92%. The current SPY drawdown is -1.24%.
| Rank | KBWD | SPY |
|---|---|---|
| #1 | -58.56% Feb 20, 2020 - Apr 26, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -30.73% Nov 8, 2021 - Jul 16, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -29.10% Apr 23, 2015 - Nov 11, 2016 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -19.65% Feb 19, 2025 - Jan 8, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.44% Aug 30, 2018 - Nov 7, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -17.67% Jul 7, 2011 - Jan 20, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -15.03% Jan 16, 2026 - Mar 27, 2026 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -12.94% Sep 14, 2012 - Jan 17, 2013 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -9.70% May 17, 2013 - Oct 22, 2013 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.75% Jul 23, 2024 - Nov 29, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.48% Oct 20, 2017 - Apr 27, 2018 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.79% Jun 8, 2021 - Oct 14, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.82% Nov 29, 2024 - Jan 31, 2025 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.33% Apr 27, 2017 - Aug 1, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.94% Apr 27, 2012 - Jun 19, 2012 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between KBWD and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
KBWD vs SPY dividend yield comparison.
| Year | KBWD | SPY |
|---|---|---|
| 2026 | 8.17% | 0.49% |
| 2025 | 12.83% | 1.07% |
| 2024 | 12.45% | 1.21% |
| 2023 | 11.45% | 1.40% |
| 2022 | 11.32% | 1.65% |
| 2021 | 7.26% | 1.20% |
| 2020 | 9.68% | 1.52% |
| 2019 | 8.63% | 1.75% |
| 2018 | 9.47% | 2.04% |
| 2017 | 8.77% | 1.80% |
| 2016 | 8.68% | 2.03% |
| 2015 | 8.89% | 2.06% |
| 2014 | 8.31% | 1.87% |
| 2013 | 7.68% | 1.81% |
| 2012 | 9.03% | 2.18% |
| 2011 | 13.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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